Bitcoin Mining is Still Profitable in August 2018

That is in fact pick point mining profitability now these but he was used to be quite popular when I would make them but mining was relatively consistent for a while. so I figured you know there is no real reason to examine the profitability for the past couple of months. so however the condition of the coin with mining difficulty has definitely changed recently. so in this video I'll go ahead and jump right into that explain to all of you if the coin mining is profitable or not will be comparing five different minors kind of lining them up and seeing. How exactly they compare and there are a couple of things I want all of you to keep in mind. when you are actually reading this Article. so first things first this is for mining right now this is not providing the future this is for mining in the month of August of twenty eighteen. so it's very topical for the current time period second record prices change constantly so keep that in mind third for all of these tests. I've set the power cost you ten cents per kilowatt hour that is actually slightly lower than the United States average but its power because the United States tend to be a bit higher than other remote areas of some nations. so we'll be leaving it at ten cents per kilowatt hour record mining difficulty increases that's the next thing I want all of you to keep in mind mining actually becomes more difficult over time not exponentially. so at this rate but it does increase in difficulty. so first big point minor prices change constantly and many people praise couch minor. so you may not be getting a good deal if you buy a minor at the current time however because demand has slowed down a bit I wouldn't expect miners to be too over priced right now six the bitcoin miners generate heat and noise. If you're writing in a small space I might just encourage you not to unless your prospects are very profitable or you pay almost nothing for power still of your dorm room.

It's generally ill advised to mine and you'll probably be pretty uncomfortable. so seventh bitcoin mining can use power from solar panels or wind turbines to increase profitability now. I'm sure not all of you have these accessible to you but if you do you can definitely cut down on costs. so number eighty two big point could be worth one hundred grand in a year or twenty dollars future price is really impossible to determine definitively and for that reason I would keep an open mind. when it comes to pick ones fluctuating price obviously if you're holding your coins in the vibe according creases you will definitely be making more money. so number nine mind to pick one can be taxed and will be taxed as income number ten the court miners generally depreciate in value. so if you're buying one and you fear that it may be overpriced try to find a better deal elsewhere and with that being said folks let's go ahead and jump right into the comparison. so first we have the amp minor as five now the S5 obviously isn't an incredibly powerful minor. However it isn't all that expensive and I think that could make a pretty darned attractive for a lot of people interested. so as a hash read a one thousand giga hashes per second and not too bad it has a power drove five hundred and sixty watts once again not all that bad before the hash rates it's a little steep now the hardware cost is around two hundred dollars for a minor as five right now that's with shipping and a power supply. so if you want to get into mining even for a hobby or you want to buy their core minors for later use when you think about it.

You would actually be earning nine dollars and twenty five cents a year with the minor as five. so if you have really cheap electricity it could still be profitable but it's going to take you out nearly eight thousand days to break even is it worth it it's really not just move on now to slightly more powerful minor the amp minor S7 now the S7 is also not very expensive typically selling for about three hundred dollars with everything included the hash rate is higher here at about four thousand seven hundred and thirty giga hashes per second and it uses just slightly more power or actually over double power the highest five. But it's not all that much all things considered a roughly thirteen hundred watts now with that being kept in mind. The immoderate seven still isn't all that profitable in fact to be losing seven cents an hour with this minor at ten cents per kilowatt hour. one dollar and seventy three cents per day twelve dollars and ten cents per week fifty two dollars roughly per month and six hundred and thirty one dollars per year. so unfortunately the hash free really just can't save the overall power use now if your powers only cost you two cents per kilowatt hour. Then that could be a different story if we look at this you would actually be earning two hundred and eighty dollars a year if you're only paying two cents per kilowatt hour. so if you can offset the costs for the parrot many as seven could actually be a decent bet now that means that you break even and three hundred and ninety one days with this minor. which all things considered isn't great but if the value of the coin which is currently sitting around seven grant increases. when you could be looking at a decent payout so can't be completely written off now let's move on once again to another slightly more popular and more profitable it minor now this is the amp minor team nine plus it almost.

The eight minor S9 and it's supposedly more stable than the US nine but it still uses a lot of power. so let's go ahead and break down some stats on the Antminor s9 plus now uses about ten thousand to five hundred gig hashes per second or produces about ten thousand five hundred gas per second use. About fourteen hundred and fifty watts of power pretty substantial honestly but the hash rate is obviously much better now forty and fifty dollars is a pretty good price for this whole unit with the power supply and everything included. so if you can find it for that price it's pretty much a good deal now. If we go ahead and examine the profitability of the at my routine and plus we can actually see that you be losing about two cents per hour about thirty nine cents per day about two dollars and seventy four cents per week and a monthly about eleven dollars and seventy five cents. so that means that each year with ten cents per kilowatt hour you be losing about one hundred and forty two dollars. which isn't all that good once again and really is a profitable. However if we take the power costs down to two cents per kilowatt hour like we have for the other miners you'd actually make eight hundred and seventy three dollars a year meaning that you would break even in one hundred and eighty eight days. which is honestly right now quite good. so once again it appears as though if you could offset those power costs you would still be in pretty good shape. so let's move on now to the hosted ASIC bitcoin miner. what's minor and three V. two thirteen hundred terror hashes per second which comes with a power supply now. I do want to go ahead and disclose that these murders are generally used for cloud contracts however this minor is freestanding and you can buy it on eBay it's not being used for cloud contract at all and for that reason it's actually still pretty viable option. so let's go ahead and look at some stats no minds about thirteen hundred or thirteen thousand pardon me get Hesse's per second actually pretty respectable however uses two thousand two hundred watts of power.

which is pretty steep now these my like I said if they're used in mining farms they're typically being used over in China or nations where the power cost is pretty minimal or even next to nothing. so for that reason these minors typically draw more power which is bad in the United States or wherever you might be that as more expensive power but not necessarily bad for mining farms as they tend to be a bitcoin cheaper and the turn of the pretty reliable as well. so this minor minds at thirteen thousand giga hashes per second uses two thousand two hundred watts of power. The hardware cost years two hundred and fifty USD. which you know isn't too bad things considered is pretty inexpensive that's with shipping and everything. The power supply so we go ahead and look at this would lose you about six cents per hour about one dollar and forty six cents per day about ten dollars and nineteen cents per week every month you would lose about forty three dollars and sixty nine cents using this minor and annually you lose about five hundred and thirty one dollars and fifty five cents. which generally like I said it is not that good. However if we reduce the power Custer to two cents per kilowatt hour and take a look at that you would actually be earning about a grand a year. which is really pretty darn good and that means that you would break even in just ninety days. so once again if you have cheap power or way to make your power cheap. such as wind power except her up you absolutely can still make good money with these miners and that's a big court at around seven grand Obviously we've seen for is much higher than that in the past. so let's move on now and look at the piece de resistance or the airliner S9 now. The S9 is the most powerful and power effective miner on our list. However it's not necessarily the least expensive and it's actually pretty costly. so let's go ahead and look at some sets now minds at thirteen thousand five hundred gashes per second or thirteen point five terror ashes per second uses thirteen hundred and twenty watts of power which isn't all that bad.

The hardware cost is where it kind of gets you it'll cost about seven hundred and fifty dollars for an eight minor US nine with the power supply in the hands. so the shipping isn't exactly that cheap because it's pretty bulky and these are still desirable. so people aren't exactly letting them go for next to nothing. However if you compare this with the prices that we've seen in the past for the S9 of nearly five thousand dollars during the big point craze of December. Then you can definitely see that the price is way lower than it used to be so let's go ahead and look at some stats now. This is the only minor on this list that is actually profitable right now with out cheaper power for example you be earning three cents per hour eighty cents per day five dollars and sixty two cents per week president the beleaguered and ninety three dollars and one cent so really like.

I said I think you little things considered the power cost isn't all that severe when you look at what you're actually making now. If you are that her constitute you've been lower level of two cents per kilowatt hour take a Gander at that it's going to get you to actually be making one thousand two hundred eighteen dollars a year now that means you break even in two hundred and twenty four days. so well they're moderates nine is the most powerful minor in the most powerful active minor it isn't necessarily the best and if you have very cheap power. you're honestly better off buying something else such as the minor that was used for hosting as the break in period of ninety days is actually pretty good on that one. so in my personal opinion is it bad to get into the bitcoin mining. well not necessarily the miners are cheap and everything is actually still going pretty smoothly for bitcoin mining. so if you want to buy a minor now and then just hold onto without even plugging it in until pick one goes up in value. which is something that I definitely think will happen that wouldn't necessarily be a bad idea. you could even by the miners now one mining isn't as popular and sell them on for a pretty substantial profit of course there's no saying necessarily that the miners will increase in value. But we have typically seen definite boom bust periods for mining in the past so well anyway folks that's my take on mining right now I hope as always that you found this review helpful if you did it over to drop a upvote resteem and Follow.

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